Polestar wants to double market reach by 2023
The electric car brand Polestar aims to increase its annual sales to 290,000 vehicles by the end of 2025 with expansion in existing and new markets and the introduction of three new models. By the end of 2023, Polestar should already be present in 30 markets – currently there are 14.
Polestar opens first factory in China
Volvo’s electric car subsidiary Polestar opened its first production facility today. At the new facility in Chengdu, China, the 441 kW Polestar 1 PHEV coupe is manufactured for China and export markets.
Polestar opens new R&D facility in UK
Polestar has established a new R&D centre for future electric vehicles in Coventry, England. At the new British location, the Volvo electric brand will initially employ around 60 engineers to support the development of vehicles beyond the Polestar 3.
Every 2nd Volvo sold to be purely electric by 2025
The Swedish brand is advancing its transition into a premium plug-in label fast as Volvo aims for fully electric cars to account for half of its total sales by 2025. This builds on their plans that new models released from 2019 will be electrified in some form.